Federal Reserve Board issues enforcement action with former employee of Commerce Bank and announces termination of enforcement actions with Société Générale S.A. and Industrial and Commercial Bank of China Ltd.

The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below:Consent Prohibition Order against Nicholas Sheeley Former employee of Commerce Bank, Kansas City, Missouri Misappropriation of customer fundsAlso on Thursday, the Board announced the termination of the enforcement actions listed below:Société Générale S.A., Paris, France Cease and Desist Order dated November 19, 2018 (PDF) Terminated November 5, 2025Industrial and Commercial Bank of China Ltd., Beijing, People's Republic of China and Industrial and Commercial Bank of China Ltd. New York Branch, New York, New York Cease and Desist Order dated March 12, 2018 (PDF) Terminated November 5, 2025Additional enforcement actions can be searched for here.For media inquiries, please email media@frb.gov or call 202-452-2955.(美联储)